Dynamic Purchase Decisions Under Regret: Price and Availability

DOI10.1287/DECA.1110.0227MaRDI QIDQ4691949zbMATH OpenOpenAlexFDO

Authors Enrico Diecidue, Nils Rudi, Wenjie Tang

Publication date 24 October 2018

Published in Decision Analysis (Search for Journal in Brave)

Full work available at URL https://semanticscholar.org/paper/a2586ceb971bda1410df6c2a8da6413cc4ddddfc

zbMATH Keywords

consumer behaviordynamic purchaseregrettype inconsistency

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Recommendations

• Behavior-based pricing: an analysis of the impact of anticipated regret
• Self-regulatory strength and dynamic optimal purchase
• Regret in auctions: theory and evidence
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• Optimal pricing strategy with disappointment‐aversion and elation‐seeking consumers: compared to price commitment
• Context dependence and consistency in dynamic choice under uncertainty: the case of anticipated regret
• Regret in the Newsvendor Model with Partial Information

Cites work

• Are People Bayesian? Uncovering Behavioral Strategies
• Comparison methods for stochastic models and risks
• Nontransitive preferences in decision theory
• On the Value of Commitment and Availability Guarantees When Selling to Strategic Consumers
• Optimal pricing with speculators and strategic consumers
• Regret and Feedback Information in First-Price Sealed-Bid Auctions
• Regret in Decision Making under Uncertainty
• Regret in the Newsvendor Model with Partial Information
• Regret, portfolio choice, and guarantees in defined contribution schemes
• Strategic customer behavior, commitment, and supply chain performance
• Theory of games and economic behavior.

Cited in

(11)

• Regret theory: a new foundation
• Self-regulatory strength and dynamic optimal purchase
• The impact of quantity commitment with disappointment-averse and elation-seeking consumers
• Altruistic dynamic pricing with customer regret
• Product Line Design with Deliberation Costs: A Two-Stage Process
• Choice overload and asymmetric regret
• Behavioral Anomalies in Consumer Wait-or-Buy Decisions and Their Implications for Markdown Management
• Behavior-based pricing: an analysis of the impact of anticipated regret
• Money-metrics in local welfare analysis: Pareto improvements and equity considerations
• The impact of consumer's regret on firms' decisions in a durable good market
• Showroom deployment with consumers' anticipated regret

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